Lidl sells surplus gym site in Northampton
AMK2 Real Estate has acquired a former purpose-built supermarket building in Northampton, currently let to a gym operator, from Lidl for an undisclosed sum.
The 16,963 sq ft unit is located on a 1.26-acre site on Gambrel Road and occupies a roadside position alongside Sixfields Retail Park. Nearby occupiers include Sainsbury’s, Next, M&S, Boots, TUI, Poundland, Costa and Lidl.
The building, which has 75 parking spaces, is currently let to The Gym Group on a 15-year lease.
Chris Gaskell, partner at Johnson Fellows, which works alongside Lidl on acquisitions and disposals, said: “We are working hand in hand with Lidl to identify sites for new supermarkets, while also disposing of land and property that is no longer required.
“The site at Gambrel Road, which has an excellent occupier, was surplus to requirements and we are therefore delighted to announce that it has been acquired by AMK2 Real Estate.”
Advised by Johnson Fellows, Lidl also recently completed the sale of one-acre of development space in Birmingham.
AMK2 Real Estate was represented by TDB Real Estate.